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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Industry News

Infrastructure focus could spark long-awaited construction revival but obstacles persist

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South Africa’s construction and infrastructure sector enters 2026 with a rare window of opportunity. The Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana in October, sets out a decisive, albeit fragile, pivot towards rebuilding the country’s economic base by shifting the composition of public spending away from consumption and towards capital investment. The National Treasury’s insistence on restoring fiscal discipline is paired with an equally strong ...

Sappi, UPM propose combining their European graphic paper businesses

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Paper and pulp manufacturer Sappi and Finland-based material solutions company UPM-Kymmene Corporation have signed a nonbinding letter of intent to combine their European graphic paper businesses into a non-listed, independent 50:50 joint venture (JV). By consolidating the assets, the JV aims to deliver at least €100-million in yearly synergies, strengthen supply security for customers and improve industry resilience.

Menlyn Office Park redevelopment begins with R850m housing project

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Construction has begun on an R850-million residential redevelopment at Menlyn Office Park in Pretoria, Gauteng, which will add 1 200 apartments to the Menlyn node through a new partnership between Pareto and Divercity Property Group. The two companies broke ground after Pareto concluded a competitive request for proposals process that selected Divercity as its residential development partner.

Hyprop raises R400m in accelerated bookbuild

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Retail-focused real estate investment trust (Reit) Hyprop has raised R400-million in an oversubscribed accelerated bookbuild. Hyprop on December 3 set out to raise R300-million to fund various projects and to position itself for potential acquisitions it is evaluating.
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